The role of supranational bodies in promoting and coordinating CSR activities by governments

A number of regional bodies have sought to promote the pursuit of sustainable and responsible business at the multi-country level. And as business becomes increasingly international in scope and regionally interlinked, with many firms now straddling multiple country (and continental) borders, the utility of pursuing CSR at the regional – as opposed to the national – level becomes more convincing. It should be noted that the activities of regional bodies in promoting and coordinating CSR activities are not exclusively conducted with governments, as they also work with other stakeholders, such as business associations and chambers, NGOs, independent stock exchanges, and other relevant members of civil society. But for the purposes of this paper, we will only review those activities undertaken with at least some degree of clear participation by governments.

Related Subject(s): Economic and Social Development